US Treasury Department: Taxpayers must file income tax returns by July 15 or request an automatic extension

Early Tuesday morning in Asia, updates from the US Treasury Department suggest that there is no automatic extension of filing the income tax returns despite the window to three-month stretching of the deadline from July 15 to October 15.

The Treasury Department said, “taxpayers must file income tax returns by July 15 or request an automatic extension to Oct. 15”.

FX implications

Considering the nature of the outcome, coupled with the market’s present attention of the coronavirus (COVID-19) news, the update failed to offer any major moves. However, the S&P 500 Futures extended Wall Street’s gains to 3,056, up 0.35% on a day, by the press time.